Chambers' critique has been picked apart in depth by me and several others in previous threads, so
for brevity's sake let me just say this of "Big Sis is Watching You."
The first and last words of his essay are too far apart.
Well, that explains why it's still an effective review.... ;-)
Seriously, Chambers points out in capsule form the real and damning difficulties with Rand's philosophy, as it's laid out in Atlas Shrugged.
For example, there is a plentitude of empirical evidence to support Chambers' contention "that the pursuit of happiness, as an end in itself, tends automatically, and widely, to be replaced by the pursuit of pleasure with a consequent general softening of the fibers of will, intelligence on 'man as a heroic being' 'with productive achievement as his noblest activity.'"
Chambers also pinpointed something else: "In the name of free enterprise, therefore, she plumps for a technocratic elite (I find no more inclusive word than technocratic to bracket the industrial-financial-engineering caste she seems to have in mind). When she calls 'productive achievement' man's 'noblest activity,' she means, almost exclusively, technological achievement, supervised by such a managerial political bureau."
We can agree that productive achievement is a good thing. However, it is inescapably true that the efficiency and financial power of huge corporations (e.g., WalMart) -- which many FR libertarians champion, and which are indeed a logical outcome of Rand's philosophy -- have also ushered in the "managerial political bureau" Chambers warned us about. (At this point people like Ron Perleman and Bernie Schwartz spring to mind....)